Stock Market Today: S&P 500, Nasdaq open lower as tech stock drop sharply; Dow rises as Treasury yields drop
The S&P 500 and Nasdaq opened lower, driven by a sharp drop in technology stocks and AI chip makers. Global technology shares slumped as enthusiasm for artificial intelligence stocks wobbled and financing worries grew. Meanwhile, the Dow rose as Treasury yields dropped. Investors flocked to bonds amid the broader tech sector retreat. The market moves followed a volatile week of trading that left major indices tracking weekly losses. Analysts noted that concerns over sector growth and chip advances weighed heavily on investor sentiment during the session.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ The S&P 500 and Nasdaq opened lower as technology stocks dropped sharply.
- ✓ The Dow rose as Treasury yields dropped.
- ✓ Global tech stocks slumped amid growing worries over AI financing and wobbling enthusiasm for AI shares.
What changed
Technology stocks and AI chip makers experienced sharp declines, pulling the S&P 500 and Nasdaq lower while pushing the Dow higher on falling Treasury yields.
Live updates
-
S&P 500 and Nasdaq Slide as Tech Stocks Drop
The S&P 500 and Nasdaq opened lower, driven by a sharp drop in technology stocks and AI chip makers. Global technology shares slumped as enthusiasm for artificial intelligence stocks wobbled and financing worries grew. Meanwhile, the Dow rose as Treasury yields dropped. Investors flocked to bonds amid the broader tech sector retreat. The market moves followed a volatile week of trading that left major indices tracking weekly losses. Analysts noted that concerns over sector growth and chip advances weighed heavily on investor sentiment during the session.
Why it matters
Technology shares have historically driven the broader market's upward trajectory, making sector corrections a major vulnerability for indexes like the S&P 500. Investors are closely monitoring artificial intelligence investments and corporate growth projections amid shifting macroeconomic data. Dropping Treasury yields helped cushion the broader market, allowing the Dow to push higher even as growth-heavy indices stumbled.
What is confirmed
- The S&P 500 and Nasdaq opened lower as technology stocks dropped sharply.
- The Dow rose as Treasury yields dropped.
- Global tech stocks slumped amid growing worries over AI financing and wobbling enthusiasm for AI shares.
Still unconfirmed
- Anthropic's growth worries are impacting market sentiment for the S&P 500 and Nasdaq.
What to watch next
- Upcoming Consumer Price Index and Producer Price Index economic data releases
- Further earnings reports and corporate guidance from major technology firms
confidence 90%Sources used for this update (17)
- www.investors.com — Stock Market Today: Stock Market News And Analysis
- finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
- vittarthi.com — US Stock Market Today Sep 29, 2026 — S&P 500, Dow & Nasdaq Close
- www.cnbc.com — Stock Markets, Business News, Financials, Earnings - CNBC
- www.kiplinger.com — Stocks Churn Ahead of CPI, Earnings Season: Stock Market Today | Kiplinger
- CNBC — S&P 500 futures fall ahead of more U.S. economic data; South Korea's Kospi slides 7%: Live updates
- MarketWatch — Stock Market Today: Dow seen steady while S&P 500 to fall, Nasdaq to sputter on worries over Anthropic's growth; PPI data on tap
- CNN — Global tech selloff deepens as enthusiasm for AI stocks wobbles
- Yahoo Finance — Tech slumps as AI financing worries grow, investors flock to bonds: AlphaCheck
- The Economist — Is the semiconductor industry headed for an almighty crash?
- Investing.com — The S&P 500 May Be Losing Its Most Important Sector
- Seeking Alpha — Tech sector breaks uptrend, raising risk of further S&P 500 losses (XLK:NYSEARCA)
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community